Australian wages have risen by 0.6 per cent in the June quarter 2018, according to the new figures released by the Australian Bureau of Statistics (ABS). 

The Wage Price Index (WPI) saw a growth of 0.6 per cent in Q2, while the annual wage growth remained at 2.1 per cent from the March quarter. 

“Wage growth in Australia has grown at an annual rate of 2.1 per cent, continuing to stabilise between 2.0 and 2.1 per cent over the past four quarters,” ABS Chief Economist Bruce Hockman said. 

From June quarter 2017 to June quarter 2018, the seasonally adjusted private sector wages rose by 2.0 per cent, whilst the public sector wages grew by 2.4 per cent.

This was an increase of 0.5 per cent increase of private sector wages, and 0.6 per cent increase of public sector wages from March quarter 2018 to June quarter 2018. 

“Annual growth across industries is varied with diverse wage pressure across the labour market,” Mr Hockman said.

Concerning different industries, the wage growth from year to June quarter ranged from 1.3 per cent in the Mining industry, to 2.7 per cent in the Health care and social assistance industry. 

The highest rise of indexes in the March to June quarter 2018 was recorded by the Wholesale trade, with an increase of 1.1 per cent. 

For states, Western Australia and the Northern Territory recorded the lowest year wage growth of 1.5 per cent. 

Comparatively, Victoria and Tasmania recorded the highest year wage growth of 2.5 per cent.